Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Former Bank Branch with Office Title is generated by Realmo AI

    245 Main St, Ridgefield Park, NJ 07660

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Vacant office space in active retail area, former bank branch.

    Type:Office
    Property size:
    22,479 SF
    Lot size:
    0.75 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    72
    Last Refresh:
    Apr 5 at 11:21 pm

    Property Features for 245 Main St

    General Information

    Standard status
    Active
    Size
    22,479 SF
    Lot size
    0.75 Acres
    Property subtype
    Office

    Building Details

    Year Built
    1975

    Spaces For Lease

    at 245 Main St Contact us

    We can help!

    Listing Contact
    Anthony Cassano
    Anthony Cassano

    Listing agent Anthony Cassano License #8545289

    Listing office NAI James E. Hanson | Teterboro

    Listing date Mar 6, 2026

    Source Naihanson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of NAI James E. Hanson | Teterboro

    HighLights

    • Located in an active retail trade area with high‑density residential and diverse retail mix.
    • Former bank branch with vault and two (2) drive‑through lanes.
    • Zoned B‑2.
    • 22,479 SF Office space available.
    • 28 Parking spots.
    • Possible sale/lease back from the owner.

    Overview

    The property, situated in an active retail trade area, features a mix of high-density residential uses and a diverse blend of retail stores. It is located directly between two apartment buildings of 5 and 7 stories, respectively, with single-family residential homes behind the facility. Retail properties along Main Street include a CVS drug store, a 7-Eleven convenience store, various restaurants and diners, and several service-related businesses. The property consists of 22,479 square feet of office space on a 0.75-acre lot. It is a former bank branch with a vault and two drive-through lanes, and includes 28 parking spots. The building has a total of three floors plus a basement, with two floors of vacant office space. The owner may consider a sale/leaseback arrangement. The property is zoned B-2. Taxes are $24,068.82. The property is suitable as a bank site.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gallagher Insurance, Risk ... Insurance Agency Exact Insurance Agency ... Insurance Agency MK Valencia Parking ... Parking Lot & Garage

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ridgefield Park
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.0245
    Latitude
    40.8587

    Nearby Similar for Lease

    • $1,550/Mo
      753 SF

      Ridgefield Park Commercial Space For Rent

      753 sq. ft. commercial space with private entrance.
      71 Park #1B, Ridgefield Park, NJ 07660
      View Details
    • $2,828/Mo
      1,234 SF

      Class-A Office Space For Rent

      Class-A office space with amenities near I-95 and GW Bridge.
      100 Challenger #303, Ridgefield Park, NJ 07660
      View Details
    • Contact for pricing
      22,479 SF

      Former Bank Branch with Office

      Vacant office space in active retail area, former bank branch.
      245 Main St, Ridgefield Park, NJ 07660
      View Details
    • $1,800/Mo
      550 SF

      Move-in Ready Storefront in Ridgefield Park

      550 SF ground-floor space in active Bergen County corridor.
      179 Main, Ridgefield Park, NJ 07660
      View Details
    • Contact for pricing
      169,092 SF

      Ridgefield Park Office Space

      169,092 SF office building in Ridgefield Park, NJ.
      100 Challenger Road, Ridgefield Park, NJ 07660
      View Details
    • Contact for pricing
      22,479 SF

      Main Street Office Building

      Former bank branch with office space for lease.
      245 Main St, Ridgefield Park, NJ 07660
      View Details
    • $1,000/Mo

      Retail Space in Brick Building

      Retail space available in east-facing brick building near highways.
      182 Main, Ridgefield Park, NJ 07660
      View Details
    • $1,775/Mo

      Ridgefield Park Apartment For Rent

      Well-maintained 1-bedroom apartment near transportation and local amenities.
      17 Teaneck Rd 2A, Ridgefield Park Village, NJ 07660
      View Details
    • $3,300/Mo
      1,200 SF

      Restaurant Space with Full Basement

      Equipped restaurant space for rent with a full basement.
      218 Main, Ridgefield Park, NJ 07660
      View Details
    • $3,850/Mo
      1,250 SF

      Prime Commercial Space in Bergen

      1250 SF storefront suitable for medical, professional office, retail.
      238 Main, Ridgefield Park, NJ 07660
      View Details
    • $2,500/Mo

      Industrial Space with Office

      Warehouse/manufacturing space featuring showroom, office, and storage.
      11 Railroad, Ridgefield Park, NJ 07660
      View Details
    • Contact for pricing
      98,400 SF

      Ridgefield Park Warehouse Space

      98,400 SF warehouse space available for lease.
      30 Cross St, Ridgefield Park, NJ
      View Details

    FAQs

    What type of property is this?
    Office building - Vacant office space in active retail area, former bank branch.
    Where is this office building located?
    The property is located at 245 Main St Ridgefield Park, NJ.
    What are key features of this property?
    This property features: Located in an active retail trade area with high‑density residential and diverse retail mix.; Former bank branch with vault and two (2) drive‑through lanes.; Zoned B‑2.
    (201) 488-5800
    We can help!
    Listing Contact
    Anthony Cassano
    Anthony Cassano
    Real Estate License ID: 8545289
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    245 Main St, Ridgefield Park, NJ 07660
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!